Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
I'm not so sure of that yet. If you see a BTC/or ETH down day of 15% or more, we are in the capitulation stage when the Bears try to take out the legs of the big player Bulls , especially the FOMO ones and the highly leveraged ones.
it's not done ..it has bottomed
bullish engulfing candle on the daily when it comes to ETH / BTC (not eth /usd )
what happened Sunday was a targeted liquidation event aimed at ETH so that big boys could buy lower....ofc ETH isn't gonna blast off immediately; they're not going to make it that obvious
Between the 2 Black Swan events , Terra Luna collapse and FTX collapse , ETH bottomed out around 1,050 mid June 2022, it's hardly budged since then . I bet you a medium Tim's coffee that it doesn't reach $ 5,000 by this Christmas ?
Mid 2024 I truly believed that ETH/ALTS would have had a stronger % run than BTC so I switched out of BTC into ETH and ALTS. During the 2 Black Swan events many ALTS crashed like 80 -90% and some of them have only retraced like 5% and people are call the end to this cycle around fall of 2025. Must be some heavy duty rally coming ? I'm hoping and praying since I'm ETH , ALTS biased.it went to 4k ...300 percent...BTC did 600 percent ...eth lags like it always does until the final yearBetween the 2 Black Swan events , Terra Luna collapse and FTX collapse , ETH bottomed out around 1,050 mid June 2022, it's hardly budged since then . I bet you a medium Tim's coffee that it doesn't reach $ 5,000 by this Christmas ?
people were calling for alt season way too early , then it truly would have been a left-translated cycle
so far the timing is fitting the 4-yr cycle ...i think eth will break the ATH in late q1 of early q2....correct , consolidate in q3 (typically bearish time for stocks and crypto, esp September), then a blow off top in q4, coinciding with monetary easing.
Feb 12: CPI. Should be good, markets will likely rally
Feb 18: FTX to begin repayments. Most of that money will probably be put back into bitcoin and crypto. Should send bitcoin higher
Feb 18: FTX to begin repayments. Most of that money will probably be put back into bitcoin and crypto. Should send bitcoin higher
This guy was one of many who said eth was dead. He just flipped, saying something is going on behind the scenes and ETH could rally.
for sure ...there is a reason why ETH was specifically attacked Sunday
I read there were tons of BTC 99k and 100k option calls out there today, and there is no way the Bears would let BTC near that mark come expiry time ( 3pm EST). This morning I saw 100k and I thought I was seeing things. UGH ! Rinse and repeat !
Most on this thread think ETH is rebounding, but my charts look like the bottom could fall out any minute this weekend !
nah, alts and eth will rallyMost on this thread think ETH is rebounding, but my charts look like the bottom could fall out any minute this weekend !
just look at the RSI for weak alts (eg cake, NOT, optimism, etc ) .. extremely oversold and and now going to the upside
still going. by nice rally (q1 and q2), correction, consolidation in q3, then blow off top in q4
CPI on Wednesday is very important. However, January CPI has been historically hot because of companies making yearly adjustments.
www.forexlive.com
If it’s really bad, expect a bloodbath. It’s make or break. Fingers crossed
Warning: There is a January-effect in Wednesday's CPI report | Forexlive
It might not be priced in
If it’s really bad, expect a bloodbath. It’s make or break. Fingers crossed
if it's a bad, it'll just be a temporary blip ..bullish remainder of the yearCPI on Wednesday is very important. However, January CPI has been historically hot because of companies making yearly adjustments.
Warning: There is a January-effect in Wednesday's CPI report | Forexlive
It might not be priced in
If it’s really bad, expect a bloodbath. It’s make or break. Fingers crossed
Well, bitcoin held up despite the bad cpi. Looks like we are oversold and buying should slowly resume
tomorrow's ppi is probably more important, as it's leading indicator of cpi. Meaning, a cool ppi reading tomorrow will signify a cool cpi in february.
